The Real Deal (New York) Nov. 23, 2020–Sylvia Narnham O’Regan, Orion Jones (subscription)Between April and June, when the pandemic went from a shocking jolt to a daily reality, a record …
Category: Top National News
Rising Mortgage Delinquencies to Show up in 2021
Credit Union Times, Nov. 23, 2020 –Jim DuPlessisThe refinance boom is edging toward its third birthday, but like all good parties, it will be coming to an end. Mike Fratantoni, …
‘Big War’ in Bonds Escalates as Tresury Rift Puts Fed in Play
Bloomberg, Nov. 22, 2020–Liz McCormickU.S. government debt just logged its best week since August after the Treasury demanded the Fed return unused funds from emergency lending programs, a request the …
For Fannie and Freddie, Big Decisions Await
Multi-Housing News, Nov. 20, 2020–Paul FiorillaJoe Biden’s victory has thrown a wrench into the Trump administration’s efforts to privatize Fannie Mae and Freddie Mac, but appointees in charge of the …
Treasury’s Mnuchin Defends Ending Lending Programs, Fires Back at Federal Reserve
Washington Post, Nov. 20, 2020–Jeff Stein, Rachel SiegelTreasury Secretary Steven Mnuchin on Friday defended his decision to end several emergency Federal Reserve lending programs, arguing the funding should be redirected …
Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves
Wall Street Journal, Nov. 20, 2020–Andrew Ackerman (subscription)The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants’ exit from 12 years of …
Pandemic Forces Moves for Many Americans, Survey Shows
Credit Union Times, Nov. 20, 2020–Jim DuPlessisNearly four out of 10 Americans have been forced to move or alter their living arrangements in other ways because of the COVID-19 pandemic, …
Mnuchin Declines to Extend Several Fed Emergency Lending Programs
Wall Street Journal, Nov. 19, 2020–Nick Timiraos, Kate Davidson (subscription)Treasury Secretary Steven Mnuchin declined to extend several pandemic emergency-loan programs established jointly with the Federal Reserve that are set to …
Macy’s CEO to States: Don’t Close Us Down Again
Wall Street Journal, Nov. 19, 2020–Suzanne Kapner (subscription)Macy’s Inc., still smarting from the pandemic’s damage to its business, is lobbying states and cities not to close its department stores during …
Financial Watchdog Expected To Get Its Teeth Back Under Biden
All Things Considered (NPR), Nov. 19, 2020–Chris ArnoldThe Trump administration successfully backed a lawsuit claiming that the bureau was unconstitutional, in part because its director had too much power and …